This latest downturn follows a volatile period where the national average had previously dropped 12.5 cents to $4.30. Market pressure from G7 oil reserve releases and state tax cuts in Georgia and Ohio, which lowered local costs by 34.5 cents and 37.8 cents respectively, have helped sustain the lower prices. Members of the GOP have stated that a national average below $4 per gallon would be a favorable result by Election Day.
Wednesday, October 21, 2026
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US Gas Prices Fall 11 Cents Weekly in New Decline
Commodities13 days ago
The national average cost of fuel began to recede on Oct 8 after a temporary climb to $4.34 per gallon. Prices fell by 11 cents over the prior week, interrupting a short lived price hike that had ended a 10 day streak of steady declines across the United States.
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